Secondments Recruitment Is Currently Seeking for FUND ADMINISTRATOR Position suitable candidate who is eligible to handle all the responsibilities and is qualified for the position. All the information required for this position to know by the candidate is given below specifically. apply online for this position by clicking on the apply now button and fill the Secondments Recruitment application Form. The Position Is available in Johannesburg, Gauteng the candidates nearby willing to apply are also invited to apply online for this vacancy.
|Hiring Authority: Secondments Recruitment Careers
Position: FUND ADMINISTRATOR Jobs
Location: Johannesburg, Gauteng
Qualification: Matric, Grade 12, Diploma/ Degree
Salary Estimated: ZAR 72000-340000 Annum
Job Requirements & Responsibilities
Job Advert Summary
Accurately process Eskom Pension Fund claims according to the Pension Fund Rules. Candidate must have :
- Basic knowledge of Pension Funds Act
- Knowledge of Pension Funds Rules
- Basic knowledge of tax legislation applicable to pension payouts
- Knowledge of Benefits Formulae
Familiarity with Divorce Act & associated Pension Fund Legislation
- Relevant Diploma
- 2 years job-related experience
- Retirement Fund industry knowledge is advantageous
Duties and Responsibilities
§ Send standard letters to the families of the ‘deceased’ pensioner for death certificate.
§ Check completeness of Evidence of Survival Forms (EOS) and request outstanding information.
§ Capture EOS information on system in terms of standard procedure.
§ Prepare for reinstatement of suspended pensions, according to policy and procedure.
§ Update, process and verify members’ and pensioners’ personal details e.g. bank details, contact details, personal details, deductions, and request outstanding members’ documentation.
§ Transfer in from other Funds, form completion, follow up and workflow entry on the member’s record
§ Validate the exit claim form to the exit movement received.
§ Check accuracy of all claim documentation and member information and request additional information if required.
§ Verify applicability of member options to Fund Rule and Legislative requirements.
§ Capture the member details applicable to the exit event or update requests.
§ Draw member/pensioner history to prepare information in readiness for a health check, ensuring accuracy of member data, information and applicable calculations.
§ Compare member contribution history and emoluments for the exit period to ensure accuracy of benefit.
§ Check the manual calculated Final Average Emoluments are verified to those applied in the exit calculation in all areas.
§ Once all information is captured, check all member data and values are correctly updated in the member work flow, in order to calculate the member or beneficiary values as per the member choice.
§ Ensure all notes and emails received are recorded against members records
§ Check the values displayed within the work flow process match the health check.
§ Apply for a tax directive where required in accordance with standard procedure.
§ Complete manual tax directiveswhen required.
§ Update claim details on pension system to ensure a one stop service at Call Centre.
§ Distribute payment letters and pensioner cards (if applicable) to members
§ Ensure all engagements are member centric
§ Obtain historical information related to member benefit claims, to determine the origination of member values and documents.
§ Draft letters to respond to standard enquiries, conveying an appropriate response which is grammatically correct.
§ Obtain approval from Supervisor where complex enquiries are received.
§ Provide the necessary information to assist SARS with the understanding of the nature of the Fund.
Fill The Secondments Recruitment Application Form From the Link Given Above And Wait For the application to be processed once your application gets shortlisted you will be informed by the authority and called for the interview or examination processed by the company. Good luck For your job Search!
To apply for this job please visit sec.erecruit.co.